Kelowna and area weakening sale activity not like other areas of Canada

Everytime I read a newspaper on-line this week real estate descriptors have a common theme..... "slump", "dip", "sink", "slowdown", "tumble", "chill".  Experts all agree that a weakening  housing sale trend is happening now not only in monthly totals but in prices nationally.  So of course, I startred crunching numbers from Okanagan Mainline Real Estate Board to find out if Kelowna and area are on the same path as the national trend?  Simplely - yep!

2010 July vs June home sale totals.

•  -30% national
• -44.77% Kelowna, City of
• -25.53% West Kelowna, District of
• -40.56% Central Okanagan

 2010 July vs June average house price

• -3.6% national
• - 0.21%Kelowna, City of
• +9.2% West Kelowna, District of
• +8.32% Central Okanagan

Check back at the end of the this month to see if the above local numbers are improving or lessening further.

Buying?  Selling? Explore your real estate options with june@juneconway.com OR 250.317.3136

City of Kelowna includes the areas of Black Mountain*, Dilworth Mountain, Ellison*, Glenmore, Joe Riche*, Kelowna North, Kelowna South, Lower Mission, North Glenmore, Rutland North, Rutland South, Southeast Kelowna, Springfield/Spall, University District and Upper Mission. *Portions of fall under the jurisdiction of Regional District of Central Okanagan.
 

District of West Kelowna includes Glenrosa, Lake Heights, Shannon Lake, Smith Creek, Westbank Centre, West Kelowna Estates and Westside Rd..

Central Okanagan includes Beaverdell/Carmi, Black Mountain, Big White, Carr's Landing District, Dilworth Mountain, Ellison, Fintry, Glenmore, Glenrosa, Joe Ritchie, Kelowna North, Kelowna South, Lake Country East/Oyama, Lakeview Heights, Lower Mission, Lake Country West, North Glenmore, Peachland, Rutland North, Rutland South, Southeast Kelowna, Shannon Lake/Smith Creek, Springfield/Spall, University District, Upper Mission, Westbank, West Kelowna and the Westside.